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8 wrz 2006 · This article contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard-Nickell model of the labor market to interwar data. The results indicate that demand shocks, combined with nominal inertia in the labor market, were important in explaining unemployment.
1 wrz 2006 · This article contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard-Nickell model of the labor market to interwar data. The results indicate that...
1 sty 2004 · This paper contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard-Nickell model of the labour market to interwar Germany, using a new quarterly data...
Between the summer of 1929 and early 1932, German unemployment rose from just under 1.3 million to over 6 million, corresponding to a rise in the unemployment rate from 4.5 percent of the labor force to 24 percent.
Between the summer of 1929 and early 1932, German unemployment rose from just under 1.3 million to over 6 million, corresponding to a rise in the unemployment rate from 4.5 percent of the labor force to 24 percent.
The short term capital inflow into Germany in the period 1924-9 was a result of the attempts by the Reichsbank to preserve a stable exchange rate in the face of surviving inflationary pressures on the labour market, and deteriorating inter national competitivity.
earlier, unemployment produced this distinctive political reaction. In pre-war Germany unemployment rates had varied between I and 5 per cent, with about I 00 000 long-term unemployed. With defeat in 1918 a trail of privation and disaster included significantly higher unemploy ment levels. For the first time this unemployment scourged wide
